Filing for Bankruptcy in Massachusetts

If you decide to pursue a bankruptcy filing of any kind in Massachusetts, you will be expected to provide your attorney with many details of your financial situation.

To begin the process of declaring bankruptcy, we will ask you to provide us with the following items. You will have to provide additional items as the process proceeds.

  • Pay stubs for the last six months
  • If self-employed, records of income for he last six months
  • Tax returns for the last three years
  • A breakdown of your monthly expenses
  • A list of all property that you own
  • Homeowner’s insurance policy
  • A list of all of your debts

This information will enable us to provide you with a preliminary analysis of your situation, so that we may help you decide on which course or alternatives are right for you.

Massachusetts Bankruptcy Laws and Your Property

As you contemplate filing a bankruptcy in Massachusetts, naturally your property will be a vital concern. Both Chapter 7 and Chapter 13 provide a means for protecting your personal property and real estate from the claims of your creditors. These protections are known as exemptions. Bankruptcy exemptions are a relatively complicated matter, and we should discuss how Massachusetts bankruptcy laws apply to your property.

How to File and What’s Next

To learn more about declaring bankruptcy in Massachusetts, call the Law Office of Vladimir von Timroth at 508-753-2006. Our experience enables us to answer your questions and help you determine if bankruptcy is right for you or whether you should explore bankruptcy alternatives. Prior to filing a bankruptcy, consumers are required to complete a brief course known as a consumer credit counseling. For more information regarding these on-line or telephone sessions, do not hesitate to contact us.

Whether Chapter 7 or Chapter 13 bankruptcy filings best serve your needs, or even if you are considering debt negotiation or some other alternative to bankruptcy, as your bankruptcy attorney Vladimir von Timroth will serve as your private legal consultant. It may seem impossible right now, but there is a light at the end of the tunnel.

The Law Office of Vladimir von Timroth is here to assist you in making the best decisions for your particular situation and reaching that destination.